Pelindo II wants greenbacks back

Jakarta: State-run port operator Pelindo II, also known as the Indonesia Port Corporation (IPC), has asked the coordinating economic minister to change its ruling obliging seaports to cease the use of US dollars in transactions with customers.

“I have asked the minister to review the policy because from a legal aspect, we should have been allowed to use dollars because these are categorized as international transactions,” Pelindo II president director RJ Lino told reporters on Monday. “It will definitely reduce foreign investors’ interest to invest in seaports, because this policy will increase their investment risk,” he continued.  [22/07/14]

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